Market Briefs 10-23-2024
Published
10/21/2024
Deere announces more layoffs
Since March, John Deere has eliminated about 2,600 jobs in Iowa and Illinois.
Last week, John Deere announced another round of layoffs in the Quad Cities effective Jan. 3, impacting 287 workers, including 80 in Davenport.
“It is important to note these layoffs are due to reduced demand for the products produced at these facilities. They are not related to production moves,” Deere noted in a news release.
Deere’s net income was down 42%...
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